So I'd say the seller(s) should consult with an attorney or accountant, but it's possible they may owe much less than 15% or nothing.Also as Account Closed said, seller financing is also often attractive to people who are concerned about taking a big tax hit in one year - instead it's "pay small amounts as you go, over time as you receive the money" and is great for a number of reasons (no or a favorable interest rate for you, no bank BS, build long-term relationships and credibility with future sellers, possibility to discount in future with a payoff offer, etc.).It's worth having in your mental toolbox even if you don't use it on this deal.

Hey folks,This situation has not happened to me before so I thought I'd ask to see if anyone else has been through this.On August 16 I received a seller's counter offer on a property.

Dear all,Need guidance around Real Estate Professional exception for passive loss rule when managing multiple rentals.

And, if you'd like to receive featured listings to familiarize yourself, happy to send that to you.

Hello all, My name is Kyle and I am new to the world of professional Real Estate.

I am now a huge fan and listen to the podcasts everyday on my commute to work.Less than a month after I purchased the house I received a call from the code enforcement officer.

Insurance is going to be your main issue, as it is costly and having been on three boards, we were risk averse to changing it or losing it as I recall insurers bringing up details from bbq to pets, etc. and when you have a claim, really it seemed a struggle, and if they can get out of paying they will..even got dropped once...Maybe have the master policy professionally examined to see what is allowed and, worst case, explore if you can get legal help to work out a mechanism to hold the association harmless (be it your own policy, plus umbrella, and maybe indemnify the association for any claim)....some great advice here and some firms may be more willing to write the policy.

You also won't receive 100% of the profits either but unless all of the money is coming out of your own pocket that will always be the case (unless you consider opportunity costs).  

Instead of 'returning' deposit from '15, and having two remaining write new check, can anyone suggest wording/letter that I could have the moving out tenant sign stating something along the lines of 'I, ____, have received my full deposit back, including interest, from my roommates Xname and Zname and do not expect any additional monetary return from my landlord, _____' ? 

@Mark Walker, I'm assuming you've received a copy of the leases and payment history from the owner.